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Author Question: Which of the following would be a likely mathematical expression for Total Revenue? a. Total ... (Read 115 times)

ssal

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on: Jun 24, 2018
Which of the following would be a likely mathematical expression for Total Revenue?
 a. Total Revenue = Production Volume + Revenue per Unit
  b. Total Revenue = Profit  Production Volume  Revenue per Unit
  c. Total Revenue = Production Volume  Revenue per Unit
  d. Total Revenue = Total Variable Cost + Production Volume + Revenue per Unit

Question 2

In what ways can large production runs and high inventory levels adversely affect product quality?


wshriver

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Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

By the time defects or errors are discovered, there may be an extremely large number of them. Also, due to the relatively long time that passes between the occurrence of defects/errors and their discovery, the process problem(s) that led to them may be difficult or impossible to identify and correct.


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